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Diesel prices hit record high amid U.S.-Iran tensions
AAA said diesel climbed to a record $6.23 a gallon as Brent crude rose above $108 and gasoline prices also increased nationwide.
- On Tuesday, U.S. diesel prices hit record highs as the ongoing standoff between the United States and Iran in the Persian Gulf drove crude oil futures above $100 a barrel.
- Saudi Arabia canceled oil shipments to Europe after a drone attack disabled the East-West pipeline, while Chevron's CEO warned that buffers helping mitigate price and supply risk "have largely now played out."
- According to AAA, the national average for gasoline stood at $4.31 a gallon as of Monday, while diesel prices reached a record $6.23 per gallon in Cincinnati overnight.
- President Donald Trump claimed current price increases stem from President Joe Biden's administration, though Sen. Elizabeth Warren blamed Trump, calling costs "the highest price ever for September."
- Sen. Chuck Schumer rejected Trump's claims, calling them his "newest LIE," as energy executives warn the monthslong crunch in oil markets is entering its most acute phase.
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US Gas Prices Hit Record High; Fed Poised to Raise Interest Rates
The national average for a gallon of gas is now at $4.32, with the price of diesel even high at a record-shattering $6.23. Meanwhile, the Federal Reserve is set to meet Wednesday and is expected to raise interest rates for the first time since 2023. NBC’s Brian Cheung joins TODAY to break it all down.
·New York, United States
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Total News Sources11
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
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